“If a fintech partner went bankrupt or had other issues, we are in control of those deposits,” said Teri Hodgett, chief risk officer at Sunrise Banks, at left. Reid Whiting, chief banking officer of ...

There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.

Federal bank regulators are not coming to rescue the thousands of fintech customers who have lost access to their money during the unfolding bankruptcy of banking-as-a-service provider Synapse ...

Nine-year-old Synapse Financial Technologies has long been a leader in banking-as-a-service, a niche of software providers offering startups a streamlined way to make use of financial infrastructure ...

The bankruptcy of banking-as-a-service (BaaS) fintech Synapse shows just how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse’s problems have ...

This is the first of three articles focused on a key question: as bank-fintech partnerships continue to play a vital role in driving financial services, how does the industry make this system safer ...

Banks involved in the mess caused by the collapse of fintech middleman Synapse have made progress piecing together account information for customers that could result in a release of funds in a matter ...